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发帖数: 14468 | 1 【 以下文字转载自 Military 讨论区 】
发信人: abcxyz2046 (灌君), 信区: Military
标 题: 扭腰时报醒世好文：美国股市不再是经济的晴雨表
发信站: BBS 未名空间站 (Tue Feb 15 10:50:19 2011, 美东)
换句话说，中国股市输出价值观，华尔街不再是美国经济的晴雨表，而成了投机巨头们
独享的乐园。
http://www.nytimes.com/2011/02/14/opinion/14Salmon.html?src=me&
Wall Street’s Dead End (华尔街的穷途末路）
By FELIX SALMON （作者：菲利克斯.沙门鱼）
。。。 But look at America’s stock exchanges more closely, and there’s
less to them than meets the eye. In truth, the stock market is becoming
increasingly irrelevant — a trend that threatens the core principles of
American capitalism.
。。。可是，如果近观美国股市，远非像表面看起来那么吸引人的眼球。实际上，股市
和经济渐行渐远，这种势头在威胁美帝的核心价值。
These days a healthy stock market doesn’t mean a healthy economy, as a
glance at the high unemployment rate or the low labor-market participation
rate will show. The Tea Party is right about one thing: What’s good for
Wall Street isn’t necessarily good for Main Street. And the Germans aren’t
buying the New York Stock Exchange for its commoditized, highly competitive
and ultra-low-margin stock business, but rather for its lucrative
derivatives operations.
这年头，良好的股市不再是经济的晴雨表，这个从居高不下的下岗率就能看出。奶茶党
有一个说法是对的：华尔街的利好不一定是 P民街之福。德国人参与华尔街的大交易仅
仅是为了金融衍生这颗摇钱树。
The stock market is still huge, of course: the companies listed on American
exchanges are valued at more than $17 trillion, and they’re not going to
disappear in the foreseeable future.
But the glory days of publicly traded companies dominating the American
business landscape may be over. The number of companies listed on the major
domestic exchanges peaked in 1997 at more than 7,000, and it has been
falling ever since. It’s now down to about 4,000 companies, and given its
steep downward trend will surely continue to shrink.
Nor are the remaining stocks an obvious proxy for the health of the American
economy. Innovative American companies like Apple and Google may be worth
hundreds of billions of dollars, but most of them don’t pay dividends or
employ many Americans, and their shares are essentially speculative
investments for people making a bet on how we’re going to live in the
future.
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